SplinterGlossary: SPS Foundation / DAO
The SPS Foundation was initially funded with 50m SPS, with an additional 250m SPS to be distributed over a period of 64 months, in equal amounts.
On top of that, additional amounts are sent to the Foundation when players buy certain in-game assets (like the Riftwatchers packs).
The way these amounts are spent can only be determined through the results of voting on DAO Proposals by the SPS stakeholders.
Right now, only the Splinterlands team can create DAO Proposals.
See Also SPS DAO.
Related:
SPS Whitepaper
Splinterlands Website
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